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Committee recommends 9-year tax abatement for 16-unit Allen Edwyn project near Marion and Leland
Summary
The Community Investment Committee recommended a nine-year tax abatement for a 16-unit Allen Edwyn redevelopment at Marion and Leland, including commitments that 12 of the units be affordable to households at or below 120% of area median income.
The Community Investment Committee voted to forward a favorable recommendation for resolution 25-30, a multifamily property-tax abatement for a 16-unit development owned by the Redevelopment Commission at the Marion and Leland intersection.
Joe Molnar, Assistant Director of Growth and Opportunity, said the project will produce 16 new housing units including single-family homes, duplexes and a cottage court. Molnar said Allen Edwyn has agreed that 12 of the 16 units will be affordable to households making at or below…
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